A2 3/4
On Japan:-
"PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND
EXCHANGE ·
"CLOSING QUOTATIONS|
NOVEMBER 21, 1939
On London:-
Telegraphic Transfer. 1/2 7/8 Bank Bills, on demand!/2 7,5 Credits 4 months' sight 1/31/4 On Shangbal:-
On demand
On Singapore:-
On demand
970
PAYNE & CO.
・
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY MARKET REVIEW
(FROM PAYNE & CO.)
NEW YORK STOCK EXCHANGE
STOCKS
Adams Express
QUOTATION
WEDNESDAY, NOVEMBER 22, 1939.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
Last Sale
DECEMBER 21, 1939
STOCKS
• Nov, 20
Last Sale Nov. 30
时
Kennecott Copper
407
Alleghany Steel Co. Ano
23
Iskey Foundry & Mac..
41
Allied Stores
101..
Libbey-Owens-Ford
Glass
521
Proprietors
$90,000,000
Allis Chalmers
41
Lockheed Aircraft
32
Head Office:-HONG KONG
Aluminium Ltd .............. 1054* | Loew's Inc,
·361
Amersda Corp.
Mack Truck Inc.
301
Amer. Can ..............
113}
Manhattan Shirt Co,
American Cyanamid B
31
Martin, Glen L...
411
On demand
103 1/4
On India:-
Telegraphic Transfer. Age as
and demand
SINGAPORE RUBBER
SPOT
Nov. 18
New York, Nav. 20, 1939,
Nov. 18
Amer. & Foreign PowAF
21
McKesson & Robbins, pid,
Board of Directors: "** Hon. Mr. A. L. Shields,
W. H. Lock, Esq.,
"Ameri, & Foreign #7 pf....
291
Monsanto Chemical
107
JAN:-MARCH
On New York:-
i.
APRIL-JUNE
37-1/4 buyers 35-3/4 34-5/8
37-3/8 buyers
35-7/8 31-3/4
Change American Gas & Mec up -1/8 up 1/8 Amer. Metals Co
982
Montgomery Ward
55
Amer. Locomotive ....
25
National Aviation
13:1*
261
Hat. Dairy Products
16
Amer. Radiator
10
Nat.. Distillers
up
1/8
2371
D. F. Landale, Esq.,
Amer. Rolling Mill
181
National Gypsum
11
G. Miskin, Esq.,
Bank Bills, on demand 24 5/16 Credits, 60 days' sight 25
The market was steady,
ཐྲ 5ཛུཐྲཥུ
On Batavin :---
On Paris:-
COTTON; Continued general demand is reflecting the absence
Amer. S'ting and R'ing Co. Amer, Sugar Refining
53)
National Lead
211
K. S. Morrison, Esq.,
214"
Nat. Powerëz Light
84
Hon. Mr. T. E. Pearce,
Du Manlis:-
On Bangkok:-
On demand
On demand
On demand
Bank Bills, on demand 1:90 Credits 4 months' sight 1145 On Saigon
108
On demand
48 3/8
149 1/2
Sterling Notes:-
Bank Buying Rate
Bar Stiver per o
1/33/4 23 1/2
even Amer, Tobacco "B" ...
Amer. Waterworks ... Anaconda Copper Atchison, T. & S. Fe. Auburn Motors ... Baltimore & Ohio
of December liquidation resulting from the tightness of 'Epots." Re- Amer. Tel. & Tel..............................` ports of cotton-gooda sales were encouraging. We expect an more tight Spot situation by the Spring and still definitely favour purchases of May and July contracts. We also think that purchases of October option will eventually show. satisfactory profits.
RUBBER: Prices were confined within narrow range in a quiet trading market, Business today largely consisted of dealer switch- ing which is attracted by the high premium on December position.
There was not much change in the unfavourable wea" WHEAT: ther news. The continued tightness of the cash position is having
stimulating influence.
Barber Asphalt Co Barnsdall On Bendix Aviation Bethlehem Steel Bliss & Co.
NEW YORK STOCKS: Previous close., 151.53; Today's close. Boeing `Airplane' Co. 151.89: Change, up 18.
1891
National Steel Corp.
75
H. V. Wilkinson, Esq.
831
Nat. Supply Corpn
104
Bir Vandeleur M, Graybaro,
BANKING CORPORATION
Authorised Capital....
................ 850,000,000
Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 1885 Reserve Funda:
Paid-Up Capital £6,500,000 Reserve Fund
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
Chairman.
Deputy Chairman.
J. K. Boushold, Esq., A. H. Compton, Esq.,
Hon. Mr. S. H. Dodwell,
38, Bishopsgate E. O.S. Sub-Agencies In London: 117713, Leadenhall Street, E.0.3) West End Branch:, 14/16, Cookspur Street, 8.W.1. Manchester Branch: 49, Mosley Street, Manchester, S.
AGENCIES AND BRANCHES:
KARDIN
ALUE STAR AMRITSAR BANGIOX SATAVIA
BOMBAY
DALOUTTA
PENANG KONG KONG BANGOON.
ІРОН
AGENCIES: SOBK
DATE STEFT
INDIA, AUSTRALIA AND CHINA
Sterling
£3,000,000
£3,000,000
prietors
£3,000,006
HEAD OFFICE: LONDON:
ILOILO
BAIGON "1.
KARACHI
BERIMBAN
SHANGHAI
OSVEI
SINGAPORE
SITIAWAN
123
New York Central
193
Chief Manager. FuRL PLACE
KUALA
SQURABAYA
CANTON
LUMPUR
TAIPING
33
| Niagara Hudson Power
71.
287
|N. American Aviation
27/
34
North American Co.
23
Anioy
Branches: Ipoh
CAWNPORE
KUCHING
TIENTBIN
A
51
Northern Pacific
Bangkok
Johore
101
Batavia Kobe
Penang Rangoon Saigon
| CRTV
COLOMBO
MADRAS
TONGLAH
4
DELFI
MATISA KEDAK
(Bhuket)
TSINGTAO
17
Owens-linols Glass Co.
66
Bombay Kowloon
San
14
Pacine Gsa & Kec.
321
Calcutta
Kuala
Francisco
30
Pacific Lighting
43
Canton
Lumpur Shanghai
841
Packard Motora
34
Chefoo
London
Singapore
164
Paramount Pictures
81
Colombo
Lyons
Sourabaya
274
| Pennsylvania R.R.
241
Dairen Malacca
Sungei
Borg-Warner .....
Foochow Manila
Patani
257
Phelps-Dodge .....
Swatow
New York Cotton, Dec. New York Rubber, Dec. Chicago Wheat, Dec. Chicago Gorn. Dec. New York Aldes. Dec,
NEW YORK COTTON
Close
December
9.67/67
9.57 N
9.48/48
9.25/26
8.94796
July (New contract) Spot
... 9.15 N
9.88 N
NEW YORK RUBBER
Shanghai Dollars
December
March
December
881/981
May July
857/851
Market Report
FROM BOZA BROS. Silver prices rose 1/8" yesterday" for both deliveries, the quotations being 23.1/2 for Ready and 23.9/18 for Forward. Sliver advices re- ported India as having bought. The market was steady. American Sliver was
Spot.
quoted at 34.3/4 for
The London/New York cross-rate was quoted at 402. New York/ Landon was quoted at 393.1/2.
Quiet.
Market
Sterling
There were seller's at 1/3 Novem- ber/December and 1/2.31/32 Feb- ruary, possibly March, buyers at 1/3,1/32 Cash and 1/3 February.
U.S. Dollars
A small seller at 24.1/2 Novera- "ber, buyers at 24.9/16 Cash and
24.1/2 first half December.
.280.
Shanghai Market Sterling opened with sellers for Spot at 5.9/32. Subsequently the rate rose to 5.21/64 and closed with sellers at 55/16 for Spot: U.S. Dollars opened with sellers at 8.5/3 for Spot. Later the rate use to 8.11/16 and at the close sellers for Spot were quoted at 8.21/64.
NEW YORK COMMODITY MARKET
(By Courtesy of Messrs. Swan, Culbertson & Fritz and S. E. Levy & Company)
January
March
May
July
Case J. L Celanese
- Note: December cotton, first notice day:-27/11/32 last notice Distillers Corpn. Seagrams day 15/12/39,
May July September
Douglas Aircraft
Du Pont de Nemours Eagle Picher Lead
Note: December rubber. first notice day:-28/11/32 last notice Funtkote day:-27/12/39.
Total sales for the day: 410 tons. CHICAGO WHEAT
Bigge M'facturing
24
Phillips Petroleum
41
Brooklyn-M'hattan Trans.
121
Fittsburg Coke & Dron
94*
Brooklyn-Manhattan $8
43
Public Service of NJ.
401
Canadian Pacific R'way.
5%
Pullman Inc.
36
74
Pure Ou
91
Iloilo
201
Radio Cerpn. of Am......
51
High
9.78 20.00
Prev. To-day's Low Close Close Change
9.71 9.5" 9.77 19.91 19.95 19.91
Chesapeake & Ohio Chrysler Corpn.............. Climax-Molybdenum Co.
423
Reading Company, Comi
QURRENT
177*
831
Reading Company, ist píd
474
Remington Arms Co. Inc.
51*
10 up Colts Patent Fire-Amns -...
89
Republic Aviation Corp. ...
89
504 SOL 501
13.92 13,66
89 851 88
501 13.74" 13.72
.04 off Columbla Gas & EL ..........................
up Columbla 6% "A" pí. unch. Commercial Credit Co. .02 on Com. & Southern (ord)
6
Republic Steel ....
241
811*
Reynold Tobac." "B"
391
Haiphong Muar Hamburg (Johors) Tientain Bankow Mukden Takyo Harbin New York Taingtao Hongkes Peiping Yokohama
"
TAIPHONG
NEW YORK PRIPING
(Peking)
FOREIGN EXCHANGE and General Banking Business transacted,
CURRENT ACCOUNTS opened "and FIXED DEPOSITE received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with interest allowed at rates obtainable
ACCOUNTS opened in on application. Local Currency and Fixed Deposits The Bank's Head Office in London received for one year or shorter undertakes Executor and Trustee periods in Local and other Curbusiness, and claims recovery of rencies on terms which will be British Income Tax overpaid, on quoted on application.
terms which may be ascertained at
Also up to date SAVE DEPOSIT any of the Agencies and Branches."
YOKOHAMA
HAMBURG HANKOW
483
Richfield Ou
91
Boxes in various sizes To LET
Safeway Stores
507
Hong Kong, 25th September, 1939.
R. A. CAMIDGE,
H
Manager.
Opening
Closing..
Cölmonwealth $6 cum, pid. Change Consolidated Edition
Schenley Distillers
144
304
Schenley Distillers 15§ pfd.
HONGKONG SAVINGS
9,73/74
9.77/77
9.67/67
9.68/68
9.58/58
9.57/57
.10 up Consolidated Ou .11 up Continental Can .09 up Continental Oil
7k
Seara Roebuck..............
823
9.35/35
9.35/35
10 up Com Products
9.05/05
9,05/05
.11 up Curtiss Wright (C)
9.25/25
9.27/27
12
up|Curtiss Wright "A"
9.08 N
.10 up Deere & Co.
Eaton Mfg. Co.
19.95/95 19.98/98 19.91/91
.04 off
Elec. Autolibe
18.55 B 18.88/68 18.68/68 18.05 B
.13 up
Elec. Bond & Share
unquoted
18.05/10
unch.
17.65 B 17.48b/55a unquoted
17,74b/80a
17.75/75 17.55b/60a
Elec. Bond & Snare $5 på. · 584 10 up Elec. Bond & Share $6 p. 88 .07 up mec. Power & Light si pf.
Food Machinery Corp.
Gen. American Trans.
Gen. Electric
Gen. Motors
Gen. Railway Signal
884/881
881/881
ap
Gen, Tire & Rubber
857/88
921/83
..837/831
851/86 834/838
up
Gudden Co.
up.
Goodrich (B.F.)
'Saturday's sales:-7,543,000 bushels,
Goodrich $5 pf.
CHICAGO CORN
Goodyear Tire & Co.
1
Great Northern Iron Ore
ፈነ
December
501/501 502/501
501/501
unch. Great Northern Rly, pid. 283
Sterling
May July
524/521
521/521
521/521
of Great Western Bugar
531/53!
521/523
off Greyhound Corpn.
Hercules Powder Co.
W...NIPEG WHEAT
||
Homestake Mining.
December
70jb
7016
May
75 b
701/701 75 b
i off International Harvester unch. Int. Nickel
July
7613
781/761
unch. Int. Tel. & Tel ̈..............................n
Johns-Manville
NEW YORK HIDES
December
13.74/74
14.10/10
14.37/37
13.74/74.."
13.72/72 14.10/14 14.07/10 14.35b/44a 14.35/35
.02 of
,03 off
02 off
34-1/4
3.93-1/2
1939
Higb
155.82 121.44 30 Industrials.
Afternoon Market
The market was quiet in the afternoon. US. Dollars were shade easler.
The market closed with sellera at 1/3 November/December and 1/2.31/32 February/March, buyera at 1/3.1/33 Cash and 1/3 Febru- ary.
3.5. Dollara
Business was done at 247/16 for near, 24.1/2 Cash and 245/16 December. The market closed with sellers at 24.7/16 Cash and 24.1/4 December, buyers at 24.1/2 Cash and 24.3/8 December.
Shanghai Dollars
279.
Shanghai Markot
Towards the close sellers of Sterling were quated at 5.21/64 for Spot. US Dollara sellers for Spot at 8.11/16.
Shanghai Exchange
Shanghal. Nov, 21 (Reuter).
Official T.T. Rates
London
New York
Japan
India
Parls Hongkong
March June New York, Official unquoted NY-London Cross Rate 3.89-7/8
ALTERATIONS
INSURANCE
IN
LONDON, Nov. 21 (Reuter)-The
SILVER MARKET
LONDON SILVER London, Nov. 20 (Reuter).
Spot, 23-1/24 Forward, 23-0) 18d.
Institute of London Underwriters Silver.-India bought, Business notify that alterations in the cur-small. Market steady, In the rent schedule, including voyages afternoon, the market was quietly within the area of Blam India, steady. the Dutch East Indies, Malaya and British North Borneo, includ- Opening ing voyages between the Straits 0/4-3/4 and Indo-China not north of T-11/18 Salgon, will henceforth be ten 32-3/4 shilfngs per cent, but voyages 32-174 between Malayan ports, excluding
Singapore, will be five ahlilinga. ...... 31-1/2
Bellers Opening . Closing 0/5-9/32 0/5-19/64 0/5-9/320/5-19/84 075-17/64
0/5-1/4
Spot
Nov.
Dec
U.8. Dollars
Spot
Nov,
$8-5/8 $8-21/32 8-21/32 8-5/8
Dec-1/2
Market:-quet,
8-9/16
Silver Duty Rate"
程
The Central Bank of China's "rate on London at 10 am, today
was 1/2-1/2d., unchanged from yesterday.
The Equalisation rate was 24-1/2
per cent,
LONDON GOLD
London, Nov. 20 (Reuter). Bar Gold, Fine per oz., 168,
India Rupec Paper
Bombay. Nov, 20 (Reuter).
Govt. 31% Rupee, 87-12-0.
Calcutta Exchange
Calcutta, Nov, 20 (Reuter).
TT, on Japan, 80-1/2,
New York Exchange
NEW YORK SILVER New York, Nov. 20 (Reuter). Official Price, 34-3/4. :
BOMBAY SILVER Bombay, Nov. 20 (Reuter).
Offtake nil
| Market-Quiet.
J. & Laughlin Steel 37 pid. 75
I-ex diy,
DOW JONER AVERAGI
Low Dow Jones Averages Nov. 18, High Low Close
36,90 2414 90 Baile
151 53 168.68 161.02 161.89
33.95
34.45 33.95 34.08
NEYM
27.07 20.70 20 Utilize
22.22 84.51 40 Bonds
26.99 26 23 25.85 25.93 90.40
60.53 45.59, 11 Commodity Inder 65.38
90.46, 09 up
56.8B .20 up
Business Done -740,009 abares
THE CHASE BANK
The Business of the above Bank 15, QUEEN'S ROAD, CENTRAL
For the HONGKONG & SHANGHAI BANKING CORPORATION. "
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb. 1938.
BANK OF EAST ASIA, LIMITED
Authorised Capital......$10,000,000.00 Paid-Up Capital
Reserve and Undivided
5,508,000.00
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors:
Sir Bhouson Chow; Chairman
Li Koon Chan, Esq. Li Lan Sang, Esq. P. K. Kwok, Esq. Wong Chu Son, Esq. Wong Yan Tong, Esq. Kan Ying Po, Rag, Chan Ching Shuk, Esq. Fung Ping Wab Esq
Kan Tong Po, Eaq,, Chief Manager.
Li Tse Fong, Esq., Manager.
Branches and Agencies :—
Korricon Penang Bingapore London Banroos Sourabaya
Bwatow Kalbosrae San Fran- Bydney Har
con Tentin New York Beattie Vancouver Parta
Bemare Shanghal
Paiping
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
HEAD OFFICE:
18, PINE STREET,' An American Bank offering com- NEW YORK.
plete Foreign Banking Service in the principal Markets of the world Interest Rates on Application.
SAFE DEPOSIT ' BOXES
This Bank is entirely owned by THE CHASE NATIONAL BANK, New York, with Resources of over 1.8.$2,900,000,000."
D. M. BIGGAR,
Second Vice Pres
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AB AN INTERNATIONAL EXCHANGE
BANK PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches in China and connections in the principal Commercial Centres of the World, we are able to extend *o our Clients special facilities for Domestic and Foreign Banking and Exchange.
Head Office:-BHANGHAI Hong Kong Branch:
4, QUEEN'S ROAD, C. South China Offices: CANTON
Current Accounts opened in Local! Currency and Fixed Deposits re- ceived for one year or shorter periods in Local and Foreign Cur-{;)) rencies on terms which will. quoted on application.
SAFE DEPOSIT BOXES TO LAT.
KAN TONG PO,
Chief Manager
INDO-CHINA
STEAM NAVIGATION COMPANY LTD.
Operating Services for Cargo and Passengers
TO-
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
and TIENTSIN
KOBE and OSAKA
SINGAPORE, « PENANG and CALCUTTA
Indian Mint Silver
02-04 62-06 62-11
HAIPHONG
Ready Dec, 5 Bettlement Jan. 6 Settlement
LONDON METALS
EXCHANGE London, Nov. 20. (Renter).
TIN
buyers · sellers
& Standard, Cash 230
New York, Nov. 20 (Reuter). TT, on London (Opening Rate), Standard, 3.91-1/2
3 months
unquoted
unquoted
SANDAKAN
For further particulars
please apply to
JARDINE MATHESON&Co.,L1 TELEPHONE 303IL GENERAL MANAGERS
SWATOW SHIUCHOW
KONGMOON TOISHAN
KINGCHOW
We also handle the issue of Bonds and other Public Funds of the Chinese Government both at Home and Abroad.
SHOU J. CHEN,
Manager.
THE MERCANTILE BANK OF INDIA, LIMITED
Head Office-15, Gracechurch Street,
in London, Ega
Authorised, Capital
Saberibad Capital
Paid-up Capital
£5,000,000
£1,800,000
$1,050,000
Batarya Pand mod. Bast,
BANKERS:
„The Bank of England and Midland
Bank, Ltd,
**BRANCHES:
Ipob JETLA Казнено
Kuala Trengganu
New York Peng
Bangkak Bowbay
Oliopita
Colorabe
Балбу
Doll
Karach
Galle
Kote Bhary
Hoogkon
HOTE
Earl Myla
Xadras
Penguen Bhanghai
Birle
Kasia Lampar Singapore
HONG KONG BRANCH:..
Erary description of Banking had Exchange
buelasés teszaneted,
Travellers" Cheques "laskied,
TRUSTEE AND EXECUTORSHIP ASEMAUNDERTAKEN ....
/ OÜBRENT 4000 UNTS Opened In Local O PANCY. KNF FIXED DEPOSIT8 monived in Loon! Currency, PERLING & C. 8, DOLLARS on t that may be securtained, on application,
*D. BENSON,
BANK
438
Shell Union Oll....
134
251
Socony-Vacuum of
13
B41
Southern Pacifc
161
101
Southern Rly 35 pfd.
351
is conducted by the HONGKONG
301
Sperry
461
221
Spicer Manufacturing Co.
31*
& SHANGHAI BANKING COR- PORATION. Rules may be obtain-{ ed on application.
171
Standard Brands .....
5.
791
Stand Gas & Elec.
24.
181
Standard Oll of California
261
131
Standard Oil of N.J.
467
294
Stone & Webster
12)
371
Swift International
304
81
Technicolor
121
Texas Corpn.
461
Fexes Gulf Sulphur
347
337
Trans-America. Co.
62
223
20th Cent. Poz.
134
20th Cent, Fox. $13 pi.
24
554
Union Carbide & Carbon
881
Profits
2,383,03201
404
Union Pacific
102
54%
United Aircraft
472
10
United Airlines Trans.
134
24,
United Corpa. .............
21
173
United Corpn #3 cum pi.
39
214
United Gas Corpn.
2}
BT
United Gas Improvement 14)
251
Studebaker Com,
93
18
US., Industrual - Alcohol.
24
UB. Rubber
397
29*
US. Rubber 38 ptd.
113
19
U.S. Steel
702
851*
ivanadium
361
593
Walworth Co.
6{*
Amay
63
Warner Bros. Pict.
#
BEATIN
Bombay
Manila
40
Westinghouse Elec.
115
Rakesila
Ealphong
#
Woodward Iron Cor.....
26
77
Chase National Bank
38*
Bankow Honolulu Kobe
National City Bank
281*
Nov. 21, 1933.
Change 16. up
.23 up
.18 of
Page 10Page 11